The Professional Bank in Denver, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 02, 1997

  • The Professional Bank in Denver, Colorado (CO)
  • Show street view No street view available for this location

The Professional Bank - Overview

  • General
  • FDIC Certificate #: 91393
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vectra Bank (#22656)
    Federal Reserve ID: 917751
    Date Established: March 04, 1983
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 18356
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 21, 1985
    Last Structure Change Effective Date: August 02, 1997
    Last Structure Change Process Date: October 02, 1997
    Last Data Update: October 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 4100 East Mississippi Avenue, Denver, CO 80222
    County: Denver
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Denver, CO (#2080)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740)
    CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
  • Financial Summary
  • Total assets: $84.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $39Total assets
  • $93,585Cash and due from depository institutions
  • $3,666Interest-bearing balances
  • $0Securities
  • $27,410Federal funds sold & reverse repurchase agreements
  • $6,315Net loans & leases
  • $54,316Loan loss allowance
  • $1,280Trading account assets
  • $0Bank premises and fixed assets
  • $215Other real estate owned
  • $97Goodwill and other intangibles
  • $1,055Life insurance assets
  • $511All other assets
  • $0Total liabilities and capital
  • $93,585Total liabilities
  • $83,465Total deposits
  • $78,195Interest-bearing deposits
  • $64,007Deposits held in domestic offices
  • 78195.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,581Subordinated debt
  • $0All other liabilities
  • $1,689Total equity capital
  • $1,689Total bank equity capital
  • $10,120Perpetual preferred stock
  • $0Common stock
  • $1,100Surplus
  • $9,350Undivided profits
  • Memoranda
  • $-330Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $55Income earned, not collected on loans
  • $270Earning assets
  • $88,041Long-term assets (5+ years)
  • $12,194Average Assets, year-to-date
  • $89,916Average Assets, quarterly
  • $90,927Volatile liabilities
  • $12,771Insider loans
  • $31FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,979Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,599Total risk weighted assets
  • $58,154Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,043Total interest expense
  • $3,035Net interest income
  • $4,008Provision for loan and lease losses
  • -$113Total noninterest income
  • $443Fiduciary activities
  • $0Service charges on deposit accounts
  • $212Trading account gains & fees
  • $0Additional noninterest income
  • $231Total noninterest expense
  • $4,051Salaries and employee benefits
  • $1,710Premises and equipment expense
  • $570Additional noninterest expense
  • $1,771Pre-tax net operating income
  • $513Securities gains (losses)
  • $0Applicable income taxes
  • $138Income before extraordinary items
  • $375Extraordinary gains - net
  • $0Net income attributable to bank
  • $375Net charge-offs
  • -$330Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.41%Cost of funding earning assets
  • 3.62%Net interest margin
  • 4.78%Noninterest income to earning assets
  • 0.53%Noninterest expense to earning assets
  • 4.84%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 0.57%Return on equity (ROE)
  • 3.78%Retained earnings to average equity (YTD only)
  • 3.78%Net charge-offs to loans
  • -0.53%Credit loss provision to net charge-offs
  • 34.24%Efficiency ratio
  • 89,575Assets per employee
  • 2.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.30%Loss allowance to noncurrent loans
  • 2327.27%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 69.46%Net loans and leases to core deposits
  • 78.71%Equity capital to assets
  • 10.81%Core capital (leverage) ratio
  • 10.53%Tier 1 risk-based capital ratio
  • 16.51%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $89,916Average earning assets
  • $9,908Average equity
  • $83,774Average loans

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